Citigroup Begins Coverage on Dollar General (DG)
Research analysts at Citigroup started coverage on shares of Dollar General (NYSE:DG) in a report released on Tuesday, The Fly reports. The firm set an “outperform” rating and a $112.00 price target on the stock. Citigroup’s target price points to a potential upside of 13.77% from the stock’s previous close.
Several other equities research analysts have also weighed in on the stock. Buckingham Research reiterated a “neutral” rating and set a $98.00 price objective (up previously from $93.00) on shares of Dollar General in a research note on Thursday, January 11th. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General in a research note on Wednesday, September 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $85.00 price objective on shares of Dollar General in a research note on Friday, September 29th. Royal Bank of Canada reiterated a “buy” rating and set a $85.00 price objective on shares of Dollar General in a research note on Tuesday, October 10th. Finally, UBS Group reiterated a “buy” rating and set a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. Dollar General currently has a consensus rating of “Hold” and a consensus target price of $87.50.
Shares of Dollar General (NYSE DG) traded down $0.66 during trading on Tuesday, hitting $98.44. 1,864,183 shares of the stock were exchanged, compared to its average volume of 2,720,000. The firm has a market cap of $26,730.00, a price-to-earnings ratio of 21.83, a PEG ratio of 1.95 and a beta of 0.95. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General has a 1-year low of $65.97 and a 1-year high of $99.70.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS. equities analysts expect that Dollar General will post 4.48 EPS for the current year.
In other news, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now directly owns 14,969 shares in the company, valued at $1,389,422.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the transaction, the senior vice president now owns 7,578 shares of the company’s stock, valued at $686,869.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,916 shares of company stock valued at $1,924,881. 0.32% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of DG. Sun Life Financial INC boosted its holdings in shares of Dollar General by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Dollar General by 22,950.0% in the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after acquiring an additional 2,295 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in Dollar General during the third quarter valued at approximately $195,000. Finally, DF Dent & Co. Inc. acquired a new stake in Dollar General during the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 90.37% of the company’s stock.
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Dollar General Company Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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